Bipi is a Spanish marketplace that offers a 100% digital car-subscription service allowing users to access a vehicle via an all‑inclusive monthly fee (insurance, maintenance, taxes, delivery, etc.). Its platform serves consumers and partners (renting companies, dealers, banks, manufacturers) as a digital distribution and fleet-management channel. Bipi has grown its team to about 100 employees and has begun operating in France with a local team of ~20 people. The company plans to use new capital to accelerate national growth, recruit talent, invest in technology and products, and prepare expansion into Italy. Bipi positions the subscription model as a flexible alternative to car ownership and claims leadership in the European subscription segment. The press release notes the company has raised more than €25 million in funding over the last three years. Market research cited in the release (McKinsey, Frost & Sullivan) is used to support the company’s growth outlook and addressable opportunity. Bipi is a car-as-a-service marketplace founded in Madrid in 2017 that offers fully-flexible, all-inclusive monthly subscriptions to new and used cars through a 100% digital transaction process. Customers can subscribe in under two minutes, keep, swap or cancel vehicles for a single monthly payment that covers insurance, maintenance, roadside assistance and tax. Bipi positions itself as the market leader in Spain and continued to grow through the COVID-19 pandemic as demand for flexible alternatives to ownership rose. The company already has live operations in France and is onboarding customers there. Bipi plans to use new funding to hire talent, invest in technology and accelerate expansion into additional European markets. The product emphasis is on a seamless digital experience and replacing traditional car ownership with a subscription model. Bipi is a Madrid-based startup that offers a vehicle subscription service as an alternative to owning or leasing a car. The service provides all-inclusive subscriptions (insurance, maintenance, assistance) with a 100% digital sign-up process and flexibility to change or return vehicles. Bipi closed a €6.5M Series A led by Maniv Mobility to support its growth. The company will use the funds to consolidate its position in Spain and expand into other European markets. Proceeds will also finance expansion of the engineering team and commercial efforts to secure strategic partnerships with partners, car manufacturers, banks and insurers and to broaden its vehicle offering. Bipi aims to grow its fleet to 10,000 cars in 2020 and open new markets. Bipi operates an online car-rental platform owned by Llollo Mobility, using technology to speed up car rental services. At the time of the article it operated a fleet of 100 vehicles and was active in Madrid and Barcelona. The company reported fleet growth of about 20% month-on-month and had 35 employees. Bipi planned to use new funds to accelerate expansion across Spain, open in Málaga, and pursue first international entries such as Lisbon or Paris. Financially, the firm had raised a total of €5.8 million in funding after the round described in the article. The funds from the described round were explicitly earmarked to support geographic expansion and fleet growth.

Total raised

$30M

Funding rounds

4

Latest round

Series B

Latest activity

Feb 2021